President Joe Biden's plan to forgive student loan debt for millions of borrowers lost another battle in court on Monday when a federal appeals court panel in St. Louis agreed to a preliminary injunction halting the program while an appeal plays out.

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As Missouri and five other states continue fighting against relieving student loans, the 8th U.S. Circuit Court of Appeals stalled the actual act of cancelation but not the millions of applications still rolling in.

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Attorneys for six Republican-led states, including Missouri, are asking a federal appeals court to reconsider their effort to block the Biden administration's program to forgive hundreds of millions of dollars in student loan debt.

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Missouri and five other states asked a federal court to pause applications for federal student loan forgiveness as their case proceeds on whether canceled loans financially injure the states.

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Six Republican-led states are suing the Biden administration in an effort to halt its plan to forgive student loan debt for tens of millions of Americans, accusing it of overstepping its executive powers.

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Americans collectively owe nearly $1.5 trillion in student loans — more than twice the total a decade ago. It’s a burden that weighs on millions of adults, shaping their life choices and often stunting their financial growth. Now a small ...

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Americans collectively owe nearly $1.5 trillion in student loans — more than twice the total a decade ago. It’s a burden that weighs on millions of adults, shaping their life choices and often stunting their financial growth. Now a small ...

Tagged with: college tuition employee sponsored schooling Student Loan student loan debt